Credit Crunch Investor

A Depression and Recovery in Internet Time

Emm ... because communism failed in the early '90's, and Asia and the former Soviet bloc are now market economies, the world somehow has no choice but to support the US and the US dollar? I've got news for you - free market capitalism was not an American invention, and can survive without the US as the centre of the global economy.

The genuine recovery that we will see will be based on a rebalancing of global demand away from the over-indebted US consumer and the emergence of China and India as the new super-powers